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The Western economies are highly dependent upon a profit-driven "just-in-time" re-supply chain that is extremely vulnerable to interruption of distribution.
Squirrels "panic buy" nuts for every winter.
It's natural to hoard something you think will be in short supply soon.
Panic buying is nothing new. In the seventies there was only a 'rumour' of a sugar shortage, everybody bought sugar and it caused a major shortage, naturally the price of sugar went up.
Everyone has experienced times of going without and will do whatever is necessary to avoid those times again.
No one knew how long the fuel crisis would last and it is obvious that those who had the fuel would have been at a clear advantage compared to others.
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